JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Sets New 52-Week High – Still a Buy?

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) shares reached a new 52-week high during trading on Monday . The company traded as high as $85.94 and last traded at $85.94, with a volume of 148 shares changing hands. The stock had previously closed at $84.81.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Stock Up 0.3%

The firm has a market cap of $750.40 million, a price-to-earnings ratio of 18.09 and a beta of 1.15. The business has a 50 day moving average of $78.50 and a 200 day moving average of $77.13.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Small Cap Equity ETF

Several large investors have recently added to or reduced their stakes in BBSC. Geneos Wealth Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 27.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the company’s stock worth $63,000 after buying an additional 228 shares during the period. Bank of America Corp DE lifted its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 116.7% during the second quarter. Bank of America Corp DE now owns 2,251 shares of the company’s stock worth $149,000 after buying an additional 1,212 shares during the period. Osaic Holdings Inc. lifted its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 42.3% during the second quarter. Osaic Holdings Inc. now owns 13,445 shares of the company’s stock worth $887,000 after buying an additional 3,997 shares during the period. MGO One Seven LLC raised its holdings in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 10.9% in the 3rd quarter. MGO One Seven LLC now owns 4,569 shares of the company’s stock worth $339,000 after purchasing an additional 448 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the 3rd quarter worth about $1,261,000.

About JPMorgan BetaBuilders U.S. Small Cap Equity ETF

The JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small cap companies. BBSC was launched on Nov 16, 2020 and is managed by JPMorgan Chase.